a mass of metal cast in a convenient form for shaping, remelting, or refining.
verb (used with object)
to make ingots of; shape into ingots.

1350–1400; Middle English: literally, (something) poured in, equivalent to in- in-1 + got(e) a stream, Old English *gota, akin to gēotan to flow; cognate with German giessen, Gothic giutan, Old Norse gjōta to pour Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
ingot (ˈɪŋɡət)
1.  a piece of cast metal obtained from a mould in a form suitable for storage, transporting, and further use
2.  (tr) to shape (metal) into ingots
[C14: perhaps from in-² + Old English goten, past participle of geotan to pour]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

late 14c., "mold in which metal is cast," probably from in- "in" + O.E. goten, pp. of geotan "to pour." Sense of "mass of cast metal" first attested 1423.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Last year a tax rebate on the export of aluminium ingots was eliminated, and
  then an export tax was imposed.
My job was to take the red hot ingots off of the arm as it came up from the
  blast furnace.
Manufacturers buy the bails of aluminum, refine the metal and melt it into
  solid metal blocks called ingots.
After a refining process, the aluminum cans are melted into solid metal blocks
  called ingots.
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